Tongguan Gold (00340) Issues 6 Million Shares Following Convertible Bond Conversion

Stock News
Jan 28

TONGGUAN GOLD (00340) announced that the company has received a conversion notice from Tongfei Investment Limited (the bondholder). Pursuant to this notice, the bondholder has exercised its right to partially convert convertible bonds with a total principal amount of HK$6.6 million, at a conversion price of HK$1.1 per share. This action resulted in the allotment and issuance of 6 million new shares to the bondholder on January 28, 2026. Following this conversion, the outstanding principal amount of the convertible bonds stands at HK$26.4 million. The converted shares will rank equally with all other issued shares of the company. The newly issued conversion shares represent approximately 0.11% of the company's total issued share capital immediately prior to the conversion, and approximately 0.11% of the enlarged issued share capital following the allotment and issuance of the conversion shares.

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